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Financial Calculators Help Plan Loans, Mutual Funds and Savings

Reported by Harshdeep Singh (Fact-Checker) Β· Times of India - Top Stories Β·

Unconfirmed β€” Reported by one source so far

Reported by one source so far

Worth knowing
Financial Calculators Help Plan Loans, Mutual Funds and SavingsPhoto: Wikimedia Commons

Online financial calculators help people plan their money by estimating loan payments, investment returns, and savings growth. A mutual fund calculator estimates the future value of investments made through systematic investment plans, commonly known as SIPs. People can also calculate monthly loan installments to understand their repayment amounts before borrowing money. Other tools help estimate the maturity amount and interest earned on public provident fund accounts and fixed deposits. Additionally, individuals can check their expected pension amounts and total savings accumulated under the national pension system.

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